www.ferroalloynet.com:Today, major large scale manufacturers adjust their quotations firstly. The price of VN alloy is 195,000 CNY/Ton. The market is bullish, and the quotations of VN plants are adjusted accordingly. At present, many manufacturers said that V2O5 flake prices are high and it is difficult to purchase. Some manufacturers said that V2O5 flake is not easy to replenish stocks and suspend quotations.
At present, a small amount of VN plants offer cash of 190,000-193,000 CNY/Ton, and the VN retail market transaction price is 188,000-190,000 CNY/Ton in cash. However, at this transaction price, the market factories are unwilling to ship and keep hesitant. Traders are willing to purchase and the acceptance price gradually rises, but the market has few low-priced VN sources, and there are not many spot resources, so the actual transaction volume is relatively ordinary, and the market is mostly waiting the steel mills bidding this week.
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